My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Most people seeking mentorship actually need believers, not advisers - the advice and money matter less than someone genuinely believing in your potential
The Reasoning
Early-career confidence gaps are bigger barriers than knowledge gaps; external belief provides psychological fuel to take action until evidence builds self-belief
What Needs to Be True
- People have more potential than current evidence shows
- Confidence is the limiting factor for action
- External belief can be internalized as self-belief
- Action creates evidence faster than planning
Counterargument
Some people actually do need specific knowledge, skills, and advice more than emotional support; belief without competence can lead to failure
What Would Change This View
Evidence that skill gaps matter more than confidence gaps in early career success, or that false belief leads to more harm than help
Implications for Builders
Build belief-focused rather than advice-focused relationships
Invest time in genuine enthusiasm over generic guidance
Look for high-potential people before they have evidence
Create systems to provide identity and labels to promising people
Example Application
“Instead of offering a formal mentorship program with structured advice sessions, create informal opportunities to spend time with promising people and express genuine excitement about their direction”
Related Knowledge
Penny Stock to Blue Chip Framework
A framework where someone with high potential but low current evidence (penny stock) receives belief from someone who se
Become someone who effectively believes in and supports others' potential
You help accelerate others' success by providing genuine belief and confidence at crucial moments in their journey
Identify and connect with people who will believe in your potential before you have evidence
You find 1-3 people who genuinely believe in your potential and provide the confidence boost needed to take meaningful a
Identity-Based Action Model
When someone gives you a positive identity label, you unconsciously act in ways that confirm that identity, creating a s
False belief can be as effective as accurate belief in driving success
Focus on finding and giving genuine enthusiasm rather than perfectly accurate assessments
you're a penny stock but they see you as a blue chip
Someone with low current evidence but high potential being seen by others as having great future value